Long

Bitcoin monthly OBs hold the range

Updated

is this the range until after the halving event?

We have a monthly OB defending the low
We have a monthly OB defending the mid (currently. broken up from)
and we have dual monthly OBs at the high

at the moment there is a high probability the halving event is a sell the news but will bitcoin ever see lower than 35k again?

the arrow is not necessarily the direction im aiming however i do expect a break up from this range in the future rather than a breakdown.

35k line in the sand
hold 45k and the consolidation could be even tighter
upwards expansion from 60k is inevitable

2.2T mcap pullback, 10T mcap the next high - i dont make the rules ;-)

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for reference

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dont be bearish here

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👀 approaching upper limits, i think we range once its tagged, maybe not to lower regions but most likely a back test f the mid/eq

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hold 58k and there wont be a lower dip ever again.
originally i thought we would range here, seems like btc has other ideas. close below this level and we can talk about 40s again.
...time will tell

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i think up before down, but these are my major zones.

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Adding some volumetrics to my previous #bitcoin chart; collection of POC/VA from the 2021 monthly consolidations, the yvwap, and 2019 low profile.
For as long as we are above all this, factoring the bos, we are indeed going higher, i don think bears sweep those stops (yet).

TBTS

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